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20.05.2025 08:19 AM
Technical Analysis of Daily Price Movement Platinum Commodity Instrument, Tuesday May 20, 2025.
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With the appearance of Convergence between the price movement of the Platinum commodity instrument with the Stochastic Oscillator indicator and supported by its price movement moving above the WMA (210) which also has a slope that is going upwards, then in the next few days #PLF has the potential to continue its strengthening where the level of 1011.0 will be tested to be broken and closed above it. If it is successful, then #PLF has the potential to continue its strengthening again to the level of 1025.8 as its main target and 1052.2 as the next target to be aimed at, but all these strengthening scenarios will be canceled by themselves if on their way to the target levels, #PLF suddenly experiences a significant weakening correction, especially if it breaks through and closes below the level of 952.0, then all the strengthening scenarios that have been described previously will automatically become invalid and canceled by themselves.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaTrade
© 2007-2025

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